Envestnet Asset Management Inc. Cuts Position in Invesco S&P 500 Equal Weight Industrials ETF $RSPN

Envestnet Asset Management Inc. lowered its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) by 50.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,100 shares of the company’s stock after selling 7,111 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Invesco S&P 500 Equal Weight Industrials ETF worth $380,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the 1st quarter worth approximately $47,000. US Bancorp DE increased its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 53.5% in the 1st quarter. US Bancorp DE now owns 1,107 shares of the company’s stock worth $54,000 after acquiring an additional 386 shares in the last quarter. Salem Investment Counselors Inc. purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the 2nd quarter worth $80,000. Silver Oak Securities Incorporated acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the second quarter worth $201,000. Finally, Financial Partners Group Inc acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the second quarter worth $206,000.

Invesco S&P 500 Equal Weight Industrials ETF Stock Up 0.5%

Shares of NYSEARCA RSPN opened at $55.81 on Thursday. The firm has a market cap of $691.49 million, a price-to-earnings ratio of 22.94 and a beta of 1.09. The company’s 50-day simple moving average is $55.52 and its 200-day simple moving average is $54.68. Invesco S&P 500 Equal Weight Industrials ETF has a 52-week low of $42.28 and a 52-week high of $56.83.

Invesco S&P 500 Equal Weight Industrials ETF Company Profile

The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of industrial US stocks drawn from the S&P 500. RSPN was launched on Nov 1, 2006 and is managed by Invesco.